Archive for the ‘Press Release’ Category

On 31 August a team from Spectra Group, leading provider of specialist secure communications for austere locations, will be partnering with Inmarsat and Team Rubicon to complete the arduous Three Peaks Challenge. The team’s aim is to raise awareness and funds for the disaster relief charity, Team Rubicon UK.

The Three Peaks (Ben Nevis, Scafell Pike and Snowdon) are the highest mountains in Scotland, England and Wales. The challenge is to climb all of these within a single 24-hour period; 23 miles of hiking/running with a total ascent of 10,052ft (3064 meters). For the 19-strong team the event will be an unforgettable challenge; to complete all three mountains in 24 hours involves little rest, detailed planning and coordination, and great determination. After climbing and descending Ben Nevis, the teams will be hiking in the dark on Scafell Pike and in the peak heat of the day on Snowdon, struggling to get their rest whilst travelling between mountains in the back of a minibus. The logistical support crew also have a tough job – they will drive the team over 460 miles between mountains, using the time in between to refuel, restock and prepare food.

The challenge originated when, in 2015, Inmarsat committed to support Team Rubicon. As part of this, Inmarsat’s Damian Lewis deployed to the British Virgin Islands to support their disaster recovery after Hurricane Irma and on his return conceived #RunningforRubicon, a 12-month campaign consisting of monthly challenges, 3 of which are extreme solo events (Maratón Sierra Nevada, Oman Desert Marathon & Marathon Des Sables). August’s #RunningforRubicon challenge is the Three Peaks.

As the mobile phone signals on the mountains is sparse, the team will carry a BGAN E510 terminal for reliable, seamless broadband and voice communications. They will also take the opportunity to use Spectra’s SlingShot® system in combination with Inmarsat’s L-TAC™ service for On The Move voice and data radio communications. The combination of SlingShot and L-TAC provides strategic, secure and global BLOS COTM (Beyond Line of Sight Communications On The Move) by extending the reach of VHF and UHF radios and is ideal for the mountainous conditions. This collaboration will enable the team to communicate, track their movement on the mountains and provide live tweeting.

The strength of the ongoing partnership between Spectra, Inmarsat and Team Rubicon is truly demonstrated by the level of support the 3 organisations are providing to this challenge. Not only are Spectra and Inmarsat collaborating to provide essential communications for the team on the mountains, but Simon Davies (CEO Spectra Group), Paul Gudonis (President, Inmarsat Enterprise), Diana Goody (VP, Inmarsat G2) and Richard Sharp (CEO Team Rubicon UK) will also be joining the team for this event.

Simon Davies, CEO of Spectra Group, stated: “We partner closely with Inmarsat on a day-to-day basis and have SlingShot equipment on the shelf, held in readiness to assist a Team Rubicon deployment should it be required. Team Rubicon carry out vital work at the most difficult time and in the most arduous environments. This is what Spectra is all about and so this personal challenge was an obvious one to get behind.”

George Crisp, Project Manager for Inmarsat Global Government, event manager for the #RunningforRubicon campaign, as well as a member of the team taking part said: “I am delighted that our partner, Spectra, will be joining us on the Three Peaks Challenge to help us work towards a common cause of raising £70,000 for the charity and to put our satcom kit to the test in remote and rugged environments.

“We recently conducted a recce of Snowdon (which will be our final peak) and managed to complete the walk well within the required time. We are increasing in confidence that we’ll complete the challenge successfully (traffic between peaks permitting), but teamwork and discipline will be key.”

TangoDown™ Inc. is pleased to announce the latest addition to the lineup – the Vickers Tactical™ Slide Stop for Gen5 Glock™ models (VTSS-003). When the Gen5 Glock™ models were released one of the most noticeable areas for improvement was the ambidextrous slide stop. The VTSS-003 offers a design which allows for positive slide lock and release even in the most unfavorable conditions. The deep serrations offer easier manipulation even while wearing gloves.

Precision Match Ammunition, engineered for precision at extreme distances, features exceptionally low standard deviations and extreme variations due to Barnes’ exacting manufacturing and quality standards. Precision Match rounds are loaded with a match grade OTM (Open Tip Match) BT projectile featuring a long boat tail and high B.C. As an additional bonus, scan the QR code located on the back of each box to view Doppler radar generated drop tables specific to each load.

Columbia, SC, August 7, 2018 – Panteao is happy to announce the relaunch of the Panteao website. The new site features improved navigation and product page layout. From the homepage you can browse through all the categories of videos and content offered by Panteao. The individual video pages have also been improved for ease of use. The new site is mobile device friendly, allowing users to easily navigate the pages from their smartphones and watch videos directly from the website.

Improvements will continue to take place on the site as preparations are made for the release of the updated Android and Apple mobile apps.

Feedback on the new layout of the site is welcome as Panteao continues to work on improving the user experience on the site. Feedback can be left at: panteao.com/survey

Check out our Instagram @tnvc_inc for a chance to win a free set of Noisefighters SightLines as part of our #tnvctuesday photo contest!

As headborne hearing protection and communications systems have become ubiquitous for warfighters, law enforcement, and civilians alike, integration with eye protection and prescription eyeglasses has been an afterthought at best, relying on the softness of the pads to conform to the shape of eyewear temples, leading to hot spots, discomfort, and most importantly, loss of integrity of the earcup’s seal, potentially leading to a significant degradation in hearing protection, increasing the chances of hearing damage to the user.

Enter the Noisefighters SightLines replacement gel ear pads–designed and manufactured in the USA by a USMC veteran-owned small business, and originally funded through Kickstarter, the Noisefighters SightLines is a deceptively simple but much-needed improvement to most popular tactical communications and hearing protection headsets, including the 3M/Peltor ComTac, MSA Sordin, and Howard Leight Impact Sport, among many more.

Silicone gel replacement earcups have long been a popular upgrade to many headsets, improving comfort during extended wear, however the SightLines have gone a step further by integrating a relief cut above the earcup, allowing eyewear temples to be slid into a groove created by the relief cut, allowing the earcup to maintain a full seal over the ear while simultaneously preventing the eyewear from pressing against the head causing discomfort and pain. The relief cut allows the eyewear to rest less than one pinky finger’s thickness above the location where glasses normally rest, and it feels completely natural for eyewear to sit at this location after just a few moments and are fully compatible with prescription eyewear, including multifocal lenses.

Testing has indicated that a 1-10dB decrease in noise cancellation when eyewear breaks the hearing seal on traditional ear cushions. A broken hearing seal also permits significantly more noise into the headset, which can be extremely detrimental to proper monitoring of audio levels and radio traffic when used with communications headsets.

Noisefighters SightLines are constructed with a dual layered design to provide both superior comfort and hearing protection, using both noise cancelling memory foam (meets FAR 25.853 for U.S. aviation use) and silicone gel which maintains its flexibility in temperatures ranging from -100F to +300F (-70C to 150C). The pad’s outer skin is a durable, ultra-thin polyurethane that is antifungal and UV resistant that should last for many years under regular use.

Features:
· Gel earmuff pads with relief cuts for glasses to pass through without breaking the seal and causing headaches–can be used as normal without eyewear without breaking the hearing seal
· Unique horseshoe-ring shaped double-hump front face and 1/4? inch of silicone gel provide significantly better softness and sealing vs. competitors’ pads
· Use of super-premium acoustic memory foam and silicone gel provides superior noise cancellation
· Polyurethane outer skin is UV-resistant, waterproof, and much longer-lasting than vinyl or other alternative hearing cup materials
· Drop-in replacement for existing pads on compatible models and can be installed by the user in seconds
· Available for most popular 3M/Peltor, TCI/MSA, and Howard Leight headset models

California has some of the most restrictive gun laws in the country. Despite this, the California shooting industry continues to grow. One such example of this is the newly opened California Tactical Academy, a 1500-acre playground for all things shooting related.

The California Tactical Academy is the brainchild of Al Evan, CEO of Security Pro USA who saw the need to test tactical products in a challenging environment. Security Pro is a leader in the industry, providing gear designed to protect the people who protect us.

Mr. Evan related that finding the space in such a central and convenient location was quite difficult. The location was previously owned by a family trust and used for primarily sport shooting. Mr. Evan had the idea for the facility several years ago but could not locate a suitable property. It was only after considerable searching that a suitable property became available. It worked out better than anyone expected.

California Tactical Academy has quickly grown to include all aspects of firearms use, including sport use, and defensive firearms training. Currently there is no other facility in the state of California that offers the same full service as California Tactical Academy.

In addition to being a sport shooting facility for civilians, Mr. Evan wants to build California Tactical Academy to accommodate government agencies looking for a place to train and evaluate new security technologies.

Located in Piru, California Tactical Academy is accessed off of Highway 126 and is convenient for people traveling from as far north as Bakersfield and as far south as San Diego. Because of the unique range settings, it has become a popular destination for many shooters.

The facility itself has ranges out to 1000 yards, ten times the length of a football field. This is very unusual in Southern California and particularly for a place as accessible as California Shooting Academy. Shooters can shoot from both specially designed benches and various other positions such as prone, which mimic some of the positions the military’s long-range snipers use.

For those new to shooting, California Tactical Academy has many well reviewed classes and are currently expanding their lineup. Classes range from basic classes for beginners in rifle and handgun shooting, to advanced classes for the defensive shooters and target shooters. These classes are taught by such experts as former SWAT cops, former Navy SEALS, and world champion targets shooters.

California Tactical Academy hosts a wide range of shooting competitions including events where the shooters use guns, equipment, and clothing from the old west. The facility also hosts action shooting events where the competitors race the clock to see who can shoot the fastest with the best accuracy. These events include obstacles that shooters must negotiate such as barricades and building facades. California, despite its strict gun laws, has one of the largest contingents of action shooters in the world. These competitions are well attended and it is not uncommon to see more than 80 competitors in a single match. Many of these competitors are women who seek an outlet where then can become more comfortable with firearms in a safe and supportive environment.

Another unique characteristic of California Tactical Academy is ability to rent or sale firearms. The range will rent you a weapon if you want to experience shooting either in general, or a specific gun. The rental will include a Safety Officer who will show you how the gun works and how to use it safely. If you decide you like a particular gun, California Tactical Academy also sells guns. It can be a one stop shopping experience which can include private training for those who prefer more of a one-on-one experience.

While all this is great for the civilian shooting population in California, Mr. Evan is quite clear on his vision. California Tactical Academy will be a place to help train and equip those who go in harm’s way to protect us. To this end, California Tactical Academy will be made available for equipment manufactures and vendors to showcase their products. This allows government and private agencies to see what the latest technologies and tactics are. In addition, California Tactical Academy is putting the finishing touches on a shoot house where tactical teams can train using force on force for building entries.

Fountain Valley, CA—SureFire, LLC, manufacturer of the world’s finest—and most innovative—illumination tools and tactical products, is proud to announce the launch of the all-new 1,000 lumen X300U-A and X300U-B. With tens of thousands of units sold to military and law enforcement world-wide, the SureFire X300 Ultra is the finest duty-grade handgun weaponlight available today. The X300U, features 1,000 lumens of stunning white light focused by a Total Internal Reflection (TIR) lens to produce a tight beam with extended reach and significant surround light for peripheral vision. Activating the X300U is done via ambidextrous switching located at the rear of body, providing one-finger control — press the switch on either side for momentary-on activation, flip up or down for constant-on activation. Optional DG grip switches (for handguns) permit the X300U to be activated with one hand, without altering your grip on your weapon.

(a) a non-binding letter of intent to acquire (the “Acquisition”) Unifire, Inc., a company based in Spokane, Washington (“TargetCo”);

(b) a non-binding term sheet (the “Term Sheet”) pursuant to which Zenith Insured Credit, LLC, a New York-based trading and specialty finance company (the “Creditor”), will provide TargetCo with a new USD$20 million asset-based credit facility (the “Credit Facility”);

(c) an engagement letter (the “Engagement Letter”) with Bay Crest Partners, LLC, a New York-based FINRA registered broker-dealer and financial services firm (the “Agent”), to complete a private placement of up to USD$15 million (the “Offering”); and

(d) a fee agreement (the “Fee Agreement”) pursuant to which Celadon Financial Group, LLC, a FINRA registered broker dealer (“Celadon”) identified qualified investors and other broker-dealers in connection with the Acquisition.

The Acquisition

On April 19, 2018, the Company entered into a non-binding letter of intent to acquire all of the issued and outstanding shares in the capital stock of TargetCo. The Acquisition is to be completed as a reverse-triangular merger under applicable Washington corporate law with TargetCo becoming a wholly-owned subsidiary of the Company. The purchase price of the Acquisition is an estimated USD$9 million, subject to customary purchase price adjustments. Of the USD$9 million purchase price, USD$4 million is to be paid and satisfied in cash and USD$5 million is to be paid and satisfied through the issuance by the Company of approximately 26,315,790 common shares in the capital of the Company with a deemed issuance price equal to USD$0.19 per share (CAD$0.25 per share using an exchange rate of 1.32). The cash portion of the purchase price is currently expected to be funded by a portion of the net proceeds raised as part of the Offering.

TargetCo specializes in providing mission critical equipment and services to the US and international militaries, law enforcement, tactical groups, fire and rescue, utilities, power generation nuclear and hydro power plants, as well as the public. TargetCo’s trailing revenue for the 6-month period ending June 30, 2018 was approximately USD$18.3 million and its net income for the same period was approximately USD$750,000.

The Acquisition, if completed, is a strategic transaction for Mission Ready, as it would significantly increase Mission Ready’s sales and would provide privileged access to valuable contracts that are set aside for small business, which contracts might not otherwise be available to Mission Ready. These contracts from the most recent 5-year renewal period, which are valued at over USD$10 billion, continue to be awarded to a small number of eligible participants in advance of the next renewal date, which is expected in 2019.

Jeffery Schwartz, President & CEO of Mission Ready, states: “The Mission Ready team is keenly focused on the targeted growth and development of the Company’s expanding portfolio of leading personal protective solutions. To support this growth plan, we have put in place an experienced senior management team and Board of Directors that possesses strong industry relationships and contacts to translate into future sales and business development opportunities. We are now seeing the benefits of this strategy both organically, by working directly with customers and distribution partners in order to grow our sales channels, and now through this potential strategic acquisition, which would become additive to our overall long-term vision and strategy. If completed, this acquisition would immediately provide Mission Ready with a high level of contract past-performance and will open doors for the Company to participate in opportunities that would not otherwise be available to Mission Ready. We are excited at the prospect of ultimately combining and leveraging our resources and connections with those of Unifire to grow their revenues and expand the business as a wholly-owned subsidiary of Mission Ready Solutions Inc.”

The Acquisition, including the payment of the purchase price, is subject to approval of the TSX Venture Exchange (“TSXV”). The Acquisition is also conditional upon receipt of all other applicable regulatory and third party consents, completion of satisfactory due diligence by the Company and the execution of definitive legal documentation by the parties. The Company believes that the Acquisition constitutes a Fundamental Acquisition, but will not constitute a Non-Arm’s Length Transaction and will not result in a Change of Control as defined by the TSXV’s policies.

Additional detailed information about the Acquisition, including financial information of TargetCo, will follow upon the entering into of definitive legal documentation.

The Credit Facility

The Company has entered into the Term Sheet for the provision of the Credit Facility, which is to be used primarily to fund the operations of TargetCo following the completion of the Acquisition. In connection with the Credit Facility, the Creditor is to have first lien security against all of the assets of TargetCo, and other security to be determined following completion of the Creditor’s due diligence. The borrowing base for the Credit Facility will be equal to 80% of eligible receivables and up to 100% of the costs of goods on purchase orders received. The fees associated with the Credit Facility will include a factoring fee computed with respect to accounts receivable borrowed against and a purchase order fee computed with respect to advances made against purchase orders, both of which are at competitive rates. The Credit Facility is expected to require TargetCo to have orders of a minimum of USD$100 million within the first 15 months from the first date of accessing the Credit Facility, failing which TargetCo will be required to pay a 0.5% penalty on the face value of the orders received during such 15-month period. The Credit Facility is subject to receipt of all necessary approvals, including the approval of the TSXV, as well as satisfactory due diligence by the Creditor and the entering into of definitive legal documentation.

The Offering

The Company has entered into the Engagement Letter with the Agent, pursuant to which the Agent is to act as the exclusive placement agent with respect to a private placement financing. The Engagement Letter contemplates that the private placement will be of equity, equity-linked debt, convertible securities or other securities issued by the Company (the “Securities”) at a price or conversion price, as the case may be, to be determined by the Company and the Agent, which price will be finalized in accordance with the TSXV policies, for gross proceeds of up to USD$15 million. The Offering is to be conducted on a “reasonable efforts” basis.

As compensation for its services, the Agent will be entitled to fees equal to 6.0% of the gross proceeds raised in the Offering. The Agent will also be reimbursed for its reasonable expenses incurred as part of the Offering. Pursuant to the Fee Agreement, the Company is to pay a commission equal to 2.0% of the gross proceeds raised in the Offering to Celadon. All such fees and commissions are payable in cash upon closing of the Offering. Celadon shall also separately receive a fee directly from the Creditor for assisting in obtaining the Credit Facility.

The Company anticipates that it will use the gross proceeds of the Offering to pay the cash portion of the purchase price for the Acquisition (USD$4 million), to pay certain debts and obligations of TargetCo (approximately USD$6 million), and to use the remainder primarily for fees, commissions, and working capital and general corporate purposes for the next several months of operations of the TargetCo business (up to USD$5 million).

The Offering is subject to receipt of all necessary approvals, including the approval of the TSXV. All securities issued in connection with the Offering shall be subject to a four month statutory hold period.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, and these securities will not be offered or sold in any jurisdiction in which their offer or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws of the United States. Accordingly, these securities will not be offered or sold to persons within the United States unless an exemption from the registration requirements of the 1933 Act and applicable state securities laws is available.

Completion of the Acquisition, the Credit Facility and the Offering are subject to a number of conditions, including but not limited to, execution of definitive documentation and receipt of all applicable regulatory and third party consents. There can be no assurance that the Acquisition, the Credit Facility and/or the Offering will be completed as proposed or at all.